BNP Paribas uses cookies on this website. By continuing to use our website you accept the use of these cookies. Please see our cookie policy for more information and to learn how to block cookies from your computer. Blocking cookies may mean you experience reduced functionality or are prevented from using the website completely.

The lower the unemployment among residents, the lower the loan costs: UK housing association L&Q spearheads a new way to think about financing.

Under the terms of the loan, the association will benefit from lower
borrowing costs if its L&Q Foundation succeeds in getting at least 600
residents back to work in its first year, and 25 more every subsequent year.

As a charitable organisation, L&Q sees its role as going beyond
housing to include social interventions to improve opportunities for its social
housing residents.

The sustainability-linked loan supports both L&Q in its charitable
mission and BNP Paribas' corporate social responsibility strategy, which seeks
to create a positive impact in society, in line with the UN's Sustainable
Development Goals.